BDACS launches institutional custody for XRP in South Korea

BDACS, a licensed digital asset custody platform in South Korea, has officially added support for XRP—one of the country’s most actively traded digital assets. This move marks the first concrete result of the partnership between BDACS and Ripple announced in February.

Regulated custody for XRP is an important step in expanding institutional participation in South Korea’s crypto market. BDACS also stated that it plans to support Ripple’s stablecoin, RLUSD, in the future.